Splunk Jumps On Bullish Guidance

By Teresa Rivas

Splunk (SPLK) is moving up 3.3% in after hours trading following the enterprise software vendor’s fiscal third-quarter report.

Splunk said it lost an adjusted $0.8 million, one cent per share, better than the two cent per-share the Street was expecting. Revenue of $52.05 million came in ahead of the consensus $46.77 million.

The company says it sees fourth-quarter revenue of $58 million to $60 million; the consensus is $58.07 million. It also raised its full year revenue forecast for fiscal 2013 to $192 million to $194 million, from a prior forecast of $183 million to $186 million. The Street was modeling for $186.35 million.

The shares are down a little less than 20% since Buckley Capital Partnerscriticized the firm at the beginning of last month.

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Tech Trader Daily is a blog on technology investing written by Barron’s veteran Tiernan Ray. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields. Comments and tips can be sent to: techtraderdaily@barrons.com.